What is the Best Neighborhoods USA ranking for Wheeler Avenue?
Wheeler Avenue is ranked #36 of 57 eligible neighborhoods in Chattanooga; #471 of 571 eligible neighborhoods in TN; and #12,574 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Wheeler Avenue
Chattanooga, TN | Hamilton County
Scored premium profile
Best Neighborhoods USA Index
34.3
Stability and Strength
16.5
Value Opportunity
28.3
Momentum
71.1
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Chattanooga, TN |
| County | Hamilton County |
| National rank | #12,574 of 14,967 |
| State rank | #471 of 571 |
| City rank | #36 of 57 |
| County rank | #36 of 57 |
| National percentile | 16.0 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $164,323 |
| Year-over-year home value change | 6.8% |
| Month-over-month home value change | -0.29% |
| Home value to income ratio | 5.92 |
| Median household income | $27,768 |
| Bachelor's degree or higher | 15.4% |
| Civilian unemployment rate | 8.3% |
| Homeownership rate | 21.1% |
| Housing vacancy rate | 6.9% |
| Rent burden 30% or higher | 67.5% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Wheeler Avenue
Is Wheeler Avenue one of the best neighborhoods in Chattanooga?
Wheeler Avenue has a Best Neighborhoods USA Index of 34.3 and a city ranking of #36 of 57 eligible neighborhoods in Chattanooga.
How much are homes worth in Wheeler Avenue?
The current Zillow Home Value Index for Wheeler Avenue is approximately $164,323.
Are home values rising or falling in Wheeler Avenue?
Zillow neighborhood values changed 6.8% year over year and -0.29% month over month.
What is the Neighborhood Momentum Score for Wheeler Avenue?
Wheeler Avenue has a Neighborhood Momentum Score of 71.1. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Wheeler Avenue?
The NDS-derived neighborhood median household income is approximately $27,768.
How affordable is Wheeler Avenue relative to household income?
The current Zillow home-value-to-household-income ratio is 5.92. Price-to-income affordability is a major Value Opportunity input.
Is Wheeler Avenue primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 21.1%.
What is the unemployment rate in Wheeler Avenue?
The NDS-derived civilian unemployment rate is approximately 8.3%.
How educated are residents of Wheeler Avenue?
Approximately 15.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Wheeler Avenue face high rent burden?
Approximately 67.5% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Wheeler Avenue?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications5
Estimated originations3
Home-purchase applications3
Origination rate54.2%
Home-purchase share51.4%
Average application loan$204,887
Total application loan amount$1,058,334
National application rank#13,727 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 13.7% YoY; originations 6.5% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.